Vista Equity Partners Management: AUM & Ownership

Clients

Vista Equity Partners Management serves 128 clients. The average client has about $828 million with the firm.

Regulatory assets by client type

Pooled investment vehicles128 clients100%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	128	$106,022,254,910	100.0%	$828.3M
Total	128	$106,022,254,910	100%	$828.3M

Pooled investment vehicles

Clients: 128
Regulatory AUM: $106,022,254,910
Share: 100.0%
Avg. per client: $828.3M

Total

Clients: 128
Regulatory AUM: $106,022,254,910
Share: 100%
Avg. per client: $828.3M

What it does

Vista Equity Partners Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Vista Equity Partners Management advises 125 private funds.

98.8% of assets ($104.73B across 120 accounts) are managed with discretion; $1.29B across 8 accounts are not. 34% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Vista Equity Partners Management has custody of $106.02B for 128 clients.

Managed account assets by custodian

All other custodians$106.02B100%

Ownership and leadership

VHG Capital, L.P. owns 75% or more of Vista Equity Partners Management, and Robert Smith is its CEO.

Who owns the firm

Vista Equity Partners Management, LLC· the adviser

VHG Capital, L.P.
Control person · since October 2021
Owns 75% or more of Vista Equity Partners Management, LLC
- Vista Holdings Group, L.P.
  since October 2021
  Owns 75% or more of VHG Capital, L.P.
  - Robert Smith
    Control person · since July 2015
    Owns 25% to 50% of Vista Holdings Group, L.P.
  - Vep Group, LLC
    General partner of vista holdings group, l.p. · Control person · since July 2015

Leadership

Robert Smith
Chairman and Chief Executive Officer, Member of Executive Committee
David Breach
President, Member of Executive Committee
Lauren Dillard
Senior Managing Director, Chief Financial Officer, Member of Executive Committee
Suzanne Donohoe
Chief Operating Officer, Chief Commercial Officer, Member of Executive Committee
Gwen Reinke
Senior Managing Director, Global Chief Compliance Officer, Co-Head, Legal & Compliance
Rachel Arnold
Senior Managing Director, Co-Head of Endeavor Fund, Member of Executive Committee
Michael Fosnaugh
Senior Managing Director and Flagship Fund Co-Head, Private Equity, Member of Executive Committee
James Hickey
Senior Managing Director and Perennial Fund Co-Head, Permanent Capital, Member of Executive Committee
Justin Hirsch
Senior Managing Director, Head of Strategy, Member of Executive Committee
Betty Hung
Managing Director, Private Equity, Member of Executive Committee
Christina Lema
Senior Managing Director, Chief Legal Officer, Co-Head of Legal & Compliance
Maneet Saroya
Senior Managing Director and Flagship Fund Co-Head, Private Equity, Member of Executive Committee
Patrick Severson
Senior Managing Director, Co-Head of Foundation Fund, Member of Executive Committee
Gursimarjit Singh
Managing Director, Private Equity Head of Compliance
Nadeem Syed
Senior Managing Director, Private Equity, Member of Executive Committee
Martin Taylor
Senior Managing Director, Co- Head of Foundation Fund, Member of Executive Committee

Staff

643 employees
159 in advisory functions
9 broker-dealer reps

Reported holdings

Vista Equity Partners Management’s reported 13F holdings total $23.2M across 1 positions, and the ten largest make up 100.0% of it.

$23.2M
Reported 13F value: 1
Positions: 100.0%
In the 10 largest: −45.5%
Value vs. prior quarter

Ten largest positions, share of reported value

Klarna Group PLC100.0%

Together, the ten largest are 100.0% of reported value.

The 1 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $23.2M is not its $106.02B in regulatory assets and does not represent any individual client's portfolio.

Fees

Vista Equity Partners Management is paid through a percentage of assets under management and performance-based fees.

Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Vista Equity Partners Management has 3 offices, with 4 listed addresses across 4 states.

Listed office addresses by state

California · 1 listed address

Four Embarcadero Center, 20th Floor, San FranciscoHQ

Registration details

Legal name: Vista Equity Partners Management, LLC
Headquarters: Four Embarcadero Center, 20th Floor, San Francisco, CA 94111
Phone: 415-765-6500
Website: www.vistaequitypartners.com
SEC file: 801-73726
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Vista Equity Partners Management have?

Vista Equity Partners Management has 128 clients and manages $106 billion for them, as of September 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 September 2026

What services does Vista Equity Partners Management offer?

Vista Equity Partners Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Vista Equity Partners Management have?

Vista Equity Partners Management has 0 investment adviser representatives registered with state securities authorities, out of 643 employees, and 159 perform investment advisory functions. 9 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Vista Equity Partners Management?

Vista Equity Partners Management is owned through a chain of holding companies by Robert Smith. Its direct owner is VHG Capital, L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 4 September 2026

How does Vista Equity Partners Management get paid?

Vista Equity Partners Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file